Question 1: Price Index Number by Simple Aggregate Method is given by ____________

Step-by-step solution provided.

Question 3: Value Index Number by Simple Aggregate Method is given by ____________

Step-by-step solution provided.

Question 7: Laspeyre’s Price Index Number is given by ____________

Step-by-step solution provided.

Question 8: Paasche’s Price Index Number is given by ____________

Step-by-step solution provided.

Question 9: Dorbish-Bowley’s Price Index Number is given by ____________

Step-by-step solution provided.

Question 10: Fisher’s Price Index Number is given by ____________

Step-by-step solution provided.

Question 11: Marshall-Edgeworth’s Price Index Number is given my ____________

Step-by-step solution provided.

Question 12: Walsh’s Price Index Number is given by ____________

Step-by-step solution provided.

Maharashtra State Board Class 12 (HSC Board) Commerce Mathematics & Statistics Solutions Chapter 5 Index Numbers Miscellaneous Exercise 5 - Digest Answers | Maharashtra Board Solutions

Balbharati Maharashtra State Board12th Commerce Maths Solution Book PdfChapter 5 Index Numbers Miscellaneous Exercise 5 Questions and Answers.

Maharashtra State Board 12th Commerce Maths Solutions Chapter 5 Index Numbers Miscellaneous Exercise 5

(I) Choose the correct alternative.

Question 1 Maharashtra Board Solution

Price Index Number by Simple Aggregate method is given by

Solution & Step-by-Step Answer:

(c)

Question 2 Maharashtra Board Solution

Quantity Index Number by Simple Aggregate Method is given by

Solution & Step-by-Step Answer:

(c)

Question 3 Maharashtra Board Solution

Value Index Number by Simple Aggregate Method is given by

Solution & Step-by-Step Answer:

(b)

Question 4 Maharashtra Board Solution

Price Index Number by Weighted Aggregate Method is given by

Solution & Step-by-Step Answer:

(c)

Question 5 Maharashtra Board Solution

Quantity Index Number By Weighted Aggregate Method is given by

Solution & Step-by-Step Answer:

(c)

Question 6 Maharashtra Board Solution

Value Index Number by Weighted aggregate Method is given by

Solution & Step-by-Step Answer:

(d)

Question 7 Maharashtra Board Solution

Laspeyre’s Price Index Number is given by

Solution & Step-by-Step Answer:

(c)

Question 8 Maharashtra Board Solution

Paassche’s Price Index Number is given by

Solution & Step-by-Step Answer:

(d)

Question 9 Maharashtra Board Solution

Dorbish-Bowley’s Price Index Number is given by

Solution & Step-by-Step Answer:

(c)

Question 10 Maharashtra Board Solution

Fisher’s Price Number is given by

Solution & Step-by-Step Answer:

(a)

Question 11 Maharashtra Board Solution

Marshall-Edge worth’s Price Index Number is given by

Solution & Step-by-Step Answer:

(a)

Question 12 Maharashtra Board Solution

Walsh’s Price Index Number is given by

Solution & Step-by-Step Answer:

(a)

Question 13 Maharashtra Board Solution

The Cost of Living Index Number using Aggregate Expenditure Method is given by

Solution & Step-by-Step Answer:

(a)

Question 14 Maharashtra Board Solution

The Cost of Living Index Number using Weighted Relative Method is given by

Solution & Step-by-Step Answer:

(a)

(II) Fill in the blanks.

Question 1 Maharashtra Board Solution

Price Index Number by Simple Aggregate Method is given by ____________

Solution & Step-by-Step Answer:

Question 2 Maharashtra Board Solution

Quantity Index number by Simple Aggregate Method is given by ____________

Solution & Step-by-Step Answer:

Question 3 Maharashtra Board Solution

Value Index Number by Simple Aggregate Method is given by ____________

Solution & Step-by-Step Answer:

Question 4 Maharashtra Board Solution

Price Index Number by Weighted Aggregate Method is given by ____________

Solution & Step-by-Step Answer:

Question 5 Maharashtra Board Solution

Quantity Index Number by Weighted Aggregate Method is given by ____________

Solution & Step-by-Step Answer:

Question 6 Maharashtra Board Solution

Value Index Number by Weighted Aggregate Method is given by ____________

Solution & Step-by-Step Answer:

Question 7 Maharashtra Board Solution

Laspeyre’s Price Index Number is given by ____________

Solution & Step-by-Step Answer:

Question 8 Maharashtra Board Solution

Paasche’s Price Index Number is given by ____________

Solution & Step-by-Step Answer:

Question 9 Maharashtra Board Solution

Dorbish-Bowley’s Price Index Number is given by ____________

Solution & Step-by-Step Answer:

Question 10 Maharashtra Board Solution

Fisher’s Price Index Number is given by ____________

Solution & Step-by-Step Answer:

Question 11 Maharashtra Board Solution

Marshall-Edgeworth’s Price Index Number is given my ____________

Solution & Step-by-Step Answer:

Question 12 Maharashtra Board Solution

Walsh’s Price Index Number is given by ____________

Solution & Step-by-Step Answer:

(III) State whether each of the following is True or False.

Question 1 Maharashtra Board Solution

is the Price Index Number by Simple Aggregate Method.

Solution & Step-by-Step Answer:

True

Question 2 Maharashtra Board Solution

is the Quantity Index Number by Simple Aggregate Method.

Solution & Step-by-Step Answer:

False

Question 3 Maharashtra Board Solution

is value Index Number by Simple Aggregate Method.

Solution & Step-by-Step Answer:

False

Question 4 Maharashtra Board Solution

Paasche’s Price Index Number.

Solution & Step-by-Step Answer:

False

Question 5 Maharashtra Board Solution

is Laspeyre’s Price Index Number.

Solution & Step-by-Step Answer:

False

Question 6 Maharashtra Board Solution

is Dorbish-Bowley’s Index Number.

Solution & Step-by-Step Answer:

False

Question 7 Maharashtra Board Solution

is Fisher’s Price Index Number.

Solution & Step-by-Step Answer:

False

Question 8 Maharashtra Board Solution

is Marshall-Edgeworth’s Index Number.

Solution & Step-by-Step Answer:

False

Question 9 Maharashtra Board Solution

is Walsh’s Price Index Number.

Solution & Step-by-Step Answer:

False

Question 10 Maharashtra Board Solution

is Fisher’s Price Index Number.

Solution & Step-by-Step Answer:

True

(IV) Solve the following problems.

Question 1 Maharashtra Board Solution

Find the price Index Number using simple Aggregate Method Consider 1980 as base year.

Solution & Step-by-Step Answer:

Question 2 Maharashtra Board Solution

Find the Quantity Index Number using Simple Aggregate Method.

Solution & Step-by-Step Answer:

Question 3 Maharashtra Board Solution

Find the Value Index Number using Simple Aggregate Method.

Solution & Step-by-Step Answer:

= × 100 = 121.43

Question 4 Maharashtra Board Solution

Find x if the Price Index Number using Simple Aggregate Method is 200.

Solution & Step-by-Step Answer:

Question 5 Maharashtra Board Solution

Calculate Laspeyre’s and Paasche’s Price Index Number for the following data.

Solution & Step-by-Step Answer:

Question 6 Maharashtra Board Solution

Calculate Dorbish-Bowley’s Price Index Number for the following data.

Solution & Step-by-Step Answer:

Question 7 Maharashtra Board Solution

Calculate Marshall-Edge worth’s Price Index Number for the following data.

Solution & Step-by-Step Answer:

Question 8 Maharashtra Board Solution

Calculate Walsh’s Price Index Number for the following data.

Solution & Step-by-Step Answer:

Question 9 Maharashtra Board Solution

Calculate Laspeyre’s Price Index Number for the following data.

Solution & Step-by-Step Answer:

Question 10 Maharashtra Board Solution

Find x if Laseyre’s Price Index Number is same as Paasche’s Price Index Number for the following data.

Solution & Step-by-Step Answer:

Question 11 Maharashtra Board Solution

Find x if Walsh’s Price Index Number is 150 for the following data.

Solution & Step-by-Step Answer:

Question 12 Maharashtra Board Solution

Find x if Paasche’s Price Index Number is 140 for the following data.

Solution & Step-by-Step Answer:

Question 13 Maharashtra Board Solution

Given that Laspeyre’s and Paasche’s Index Number are 25 and 16 respectively. Find Dorbish-Bowley’s and Fisher’s Price Index Number.

Solution & Step-by-Step Answer:

= = 20

Question 14 Maharashtra Board Solution

If Laspeyre’s and Dorbish Price Index Number are 150.2 and 152.8 respectively, find Paasche’s rice Index Number.

Solution & Step-by-Step Answer:

Question 15 Maharashtra Board Solution

If Σp0q0 = 120, Σp0q1 = 160, Σp1q1 = 140, and Σp1q0 = 200 find Laspeyre’s, Paasche’s, Dorbish-Bowley’s, and Marshall-Edgeworth’s Price Index Numbers.

Solution & Step-by-Step Answer:

Question 16 Maharashtra Board Solution

Given that Σp0q0 = 130, Σp1q1 = 140, Σp0q1 = 160, and Σp1q0 = 200, find Laspeyare’s, Passche’s, Dorbish-Bowely’s and Mashall-Edegeworth’s Price Inbox Numbers.

Solution & Step-by-Step Answer:

Question 17 Maharashtra Board Solution

Given that Σp1q1 = 300, Σp0q1 = 140, Σp0q0 = 120, and Marshall-Edegeworth’s Price Inbox Number is 120, find Laspeyre’s Price Index Number.

Solution & Step-by-Step Answer:

p01(P) = = × 100 = 93.75

Question 18 Maharashtra Board Solution

Calculate the cost of living number for the following data.

Solution & Step-by-Step Answer:

Question 19 Maharashtra Board Solution

Find the cost living index number by the weighted aggregate method.

Solution & Step-by-Step Answer:

Question 20 Maharashtra Board Solution

Find the cost of living index number by Family Budget Method for the following data. Also, find the expenditure of a person in the year 2008 if his expenditure in the year 2005 was ₹ 10,000.

Solution & Step-by-Step Answer:

Question 21 Maharashtra Board Solution

Find x if cost of living index number is 193 for the following data.

Solution & Step-by-Step Answer:

Question 22 Maharashtra Board Solution

The cost of living number for year 2000 and 2003 are 150 and 210 respectively. A person earns ₹ 13,500 per month in the year 2000. What should be his monthly earning in the year 2003 in order to maintain the same standard of living?

Solution & Step-by-Step Answer:

CLI (2000) = 150 CLI (2003) = 210 Income (2000) = 13500 Income (2003) = ? Real Income = For 2000, Real Income = = ₹ 9000 For 2003, Real Income = ∴ 9000 = ∴ Income = = 18900 ∴ Income in 2003 = ₹ 18900

Chapter 5 Index Numbers Miscellaneous Exercise 5 Solutions